2013년 11월 30일 토요일

About 'books on debt'|Book Review - Debt: The First 5,000 Years by David Graeber







About 'books on debt'|Book Review - Debt: The First 5,000 Years by David Graeber








COMMENTARY               |               Everyone               wants               to               be               the               hero               and               not               the               villain               when               it               comes               to               the               debt               crisis               in               Washington.

After               dueling               bills               on               Friday               and               Saturday,               now               negotiators               tell               the               media               both               sides               are               suddenly               "very               close               "               to               a               debt               deal               today               with               a               deadline               of               default               looming               Tuesday.

Both               sides               blamed               the               other               for               not               getting               a               deal               done               sooner.

The               GOP               wants               to               have               sharp               government               spending               cuts.

Democrats               want               a               balance               of               cuts               and               higher               taxes               for               the               rich.

The               proposal               on               the               table               now               raises               the               debt               ceiling               until               past               the               2012               general               election,               adds               a               balanced               budget               amendment               debate               to               Congress               and               doesn't               raise               taxes.
               This               last-minute               deal-making               is               the               same               thing               that               happened               in               December               2010               when               the               session               of               Congress               was               about               to               end.

President               Barack               Obama               made               a               deal               with               Republicans               to               keep               the               Bush-era               tax               cuts               on               the               books               for               the               wealthy               while               approving               unemployment               benefits               for               the               poor.

Later               in               the               session,               the               military               policy               of               "don't               ask,               don't               tell"               about               gays               serving               in               the               armed               forces               was               repealed               to               allow               openly               gay               citizens               to               serve               in               the               military.
               What               motivated               Congress               and               the               White               House               to               get               stuff               one               then               is               the               same               thing               that               they're               doing               now.

Everyone               loves               a               hero.

They               want               Superman               to               stop               the               nuclear               missile               at               the               last               second.

Spider-Man               saves               Mary               Jane               just               as               the               Green               Goblin               is               going               to               make               her               plunge               into               the               Hudson.

Congress               and               Obama               save               the               world               economy               from               a               crisis               of               epic               proportions               within               hours               of               the               debt               default               deadline.
               Things               won't               change               until               after               the               2012               general               election,               if               at               all.

When               everyone               gets               to               be               the               hero               on               debt               default               day,               the               heroes               will               be               re-elected.

Speaker               of               the               House               John               Boehner               and               Senate               Majority               Leader               Harry               Reid               aren't               winning               this               fight               by               sticking               to               their               guns,               they               become               the               perceived               heroes               by               signing               a               peace               treaty               with               the               opposing               party.
               Everyone               in               politics               should               realize               the               same               thing.

Nothing               gets               done               when               the               participants               in               the               process               play               with               fire               because               everyone               gets               burned.

It's               a               tried               and               true               cliche               that               even               kindergartners               know.

It's               always               the               polite               thing               to               share               with               one               another               instead               of               take               each               other's               toys.
               In               the               final               analysis,               Obama               will               use               this               situation               to               his               advantage               in               the               2012               election.

He               gets               to               say               that               Republicans               came               up               with               a               plan               for               fixing               the               debt               solution               even               though               they               were               the               ones               who               got               us               here               in               the               first               place.

The               GOP               seems               to               forget               it               was               in               2008               that               the               economy               went               under               due               to               predatory               home               lenders               under               the               watchful               eye               of               President               George               W.

Bush.
               The               situation               happened               after               the               Republicans               gave               the               wealthy               their               tax               cuts               in               the               first               place.

Add               to               that,               Republicans               willingly               raised               the               debt               ceiling               several               times               during               the               Bush               Administration               to               help               pay               for               two               costly               wars.
               Everyone               gets               to               be               a               hero               now.

But               then               things               will               get               nasty               when               the               2012               general               election               heats               up.
               William               Browning               is               a               research               librarian               specializing               in               U.S.

politics.

Born               in               St.

Louis,               Browning               is               active               in               local               politics               and               served               as               a               campaign               volunteer               for               President               Barack               Obama               and               Missouri               Sen.

Claire               McCaskill               .






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